Applicable Federal Rate definition

Applicable Federal Rate means the "applicable federal rate" as defined in Section 1274(d) of the Code.

Applicable Federal Rate shall have the meaning set forth in Section 1274 of the Code.

Applicable Federal Rate shall have the meaning set forth in Section 1274(d) of the Code, compounded quarterly.

Examples of Applicable Federal Rate in a sentence

• The maximum below-market interest rate allowed for tiebreaker purposes shall be the greater of four percent (4%) simple, or the Applicable Federal Rate if compounding.

• Interest Rate: Long-Term Applicable Federal Rate in effect for the month the Consolidated Application is released.

• The discount rate will be the “long term” Applicable Federal Rate (AFR) as published monthly by the IRS (annual compounding rate).

• The use of a federal HOME grant or NAHASDA funds in the form of a bona fide loan that is repayable and has a certain repayment date are no longer considered a “federal subsidy” that would reduce basis or the APR, even if the interest rate is below the Applicable Federal Rate.

• The interest rate for projects using low-income housing tax credits will be a minimum of 1% simple interest and a maximum of the Applicable Federal Rate for the purposes of Section 42 of the Internal Revenue Code, depending on the project's projected capacity for repayment.

More Definitions of Applicable Federal Rate

Applicable Federal Rate means 120% of the applicable federal long-term rate, with monthly compounding (as prescribed under Section 1274(d) of the Code), published for the December immediately prior to the Plan Year.

Applicable Federal Rate means the annual long-term (more than nine years) rate published monthly in the United States by the Internal Revenue Service for federal income tax purposes via a monthly revenue ruling which may be downloaded from the Internal Revenue Service’s website at: https://apps.irs.gov/app/picklist/list/federalRates.html

Applicable Federal Rate means the applicable federal rate for short-term (0-3 years) obligations of the United States Treasury as determined initially in the month of closing of ML Ventures and thereafter in January of each subsequent year.

Applicable Federal Rate means the highest marginal U.S. federal income tax rate applicable to corporations in effect, or expected to be in effect, on the date of an applicable Required Divestiture that will, or is expected to, occur after Closing.

Applicable Federal Rate means, with respect to the Loans, the greater of (a) the AFR in effect on the first day of the quarter and (b) the AFR in effect on the first day of the quarter in which any Loan still outstanding is made.

Applicable Federal Rate means a rate per annum equal to the applicable federal rate for semi-annual compounding under Section 1274(d) of the Code.

Applicable Federal Rate means the interest rate set by the United States Treasury from time to time for the purpose of determining applicable Low Income Housing Tax Credit interest rates. The Applicable Federal Rate is published by the Internal Revenue Service in monthly revenue rulings.